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EssilorLuxottica Bid for GrandVision Poised for EU Approval

  • EU approval for takeover could comes as soon as this month
  • Duo got positive feedback to plan to solve antitrust concerns
The EssilorLuxottica logo reflected on a pair of sunglasses.
Photographer: Peter Boer/Bloomberg
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EssilorLuxottica SA’s bid for eyewear retailer GrandVision NV is on track for European Union regulatory approval as soon as this month, clearing one hurdle for the deal even as talks on the future combination continue.

The companies are in the final stages of an EU merger review that will pave the way for approval before an April 12 deadline, according to people familiar with the matter, who asked not to be named because the process isn’t public.